Tron Foundation’s China Partner Announces a $30 Million Incentive Plan for TRC20-based USDT Holders

Raybo Technologies, the China Partner of Tron Foundation has announced a new $30 million incentive plan to reward the holders of Tether’s TRC20 based-USDT token.

The Beijing-based technology company has announced a 30-day giveaway that will begin from July 15. The holders of TRC20-based USDT will receive an airdrop bonus on a daily basis, with up to 100 percent annualized percentage rate. This giveaway is supported by crypto exchanges including Huobi, Kucoin, and OKEx.

Users can also swap their existing Omni and ERC20 based USDT tokens for TRC20 based USDT at the supported exchanges.

https://twitter.com/justinsuntron/status/1148583176228487168

The $30 million incentive plan, that has no cap, offers the features of long duration – lasting for 30 days, free of charge, and attractive reward in the form of annualized interest rate reaching as high as 100%.

In March, Tether had first announced its partnership with Tron to launch its controversial stablecoin as a native token on the Tron blockchain.

Tron (TRX) price is currently in the green by 1.10 percent at $0.0343 while Tether’s USDT is maintaining its peg at $1.00, up by 0.2 percent in the past 24 hours.